A business plan for visa extension is generally a document required by the United States Customs and Immigration Service division (USCIS) in order for a current green card holder or foreign-born business person doing business in the U.S. to stay in the country. Much like a business plan seeking funding for a pure start-up based in America, the visa extension proposal typically requires a market analysis and an industry overview that makes the case for a viable business model. However in the case of a business plan for getting an EB-5, L-1, or L-1A visa extended, there is frequently the requirement that you demonstrate that the business can support a minimum of ten (10) full-time American jobs within a 12-24 month period. Covering this requires:
• A careful assumptions table
• Current information about industry performance
• Competitive research
• A personnel plan tied closely to the timeline in your pro forma
• A detailed description of why the additional hires are needed
A business plan for visa extension will typically be 25-30 pages with a salient market analysis and a marketing plan spelled out that gives the USCIS reviewer the sense that you can in fact grow to meet your stated goals. Often prepared by an attorney or a specialized business consultant, this business plan should offer a detailed pro forma financial modeling justifying not just the hiring timelines but the allocation of funds you envision. The plan's model should show five years of revenue forecasting, a reasonable break-even, and a tidy P&L for each year. If you want an expert team to review your expenses, perform the market research, or get your personnel plan in order for presentation, call the experts at MasterPlans for a free consultation on how our business planning service can meet your needs: 877-453-2011.
